The Central Bank of Bahrain (CBB) announced that the issue of the 3-year Government Development Bond has been oversubscribed by 359%.
Subscriptions worth BD 718.061 million were received for the BD 200 million issue, which carries a maturity of 3 years.
The fixed annual coupon rate on the issue, which begins on October 15 and matures on October 15, 2026, is 6.50%.
The Government Development Bonds are issued by the CBB on behalf of the Government of Bahrain.
This is Government Development Bond issue No.34 (ISIN BH0002749727).
Source: Bahrain News Agency